Cal. Code Regs. tit. 10 § 2302

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2302 - Method of Reporting Salvage or Subrogation Recoveries on Annual or Interim Financial Statements

For purposes of the Annual Statement required of insurers to be filed with the Commissioner on or before the first day of March of each year or any interim financial statement filed with the Commissioner during the year by an insurer, anticipated salvage recoveries or anticipated subrogation recoveries shall have been reduced to cash or any asset readily convertible to cash.

Cal. Code Regs. Tit. 10, § 2302

1. New section filed 11-17-76; effective thirtieth day thereafter (Register 76, No. 47).

Note: Authority cited: Sections 923 and 12921, Insurance Code. Reference: Section 907, Insurance Code.

1. New section filed 11-17-76; effective thirtieth day thereafter (Register 76, No. 47).